KRR, Acciona Plan to List International Renewable Energy Business in the Future

MADRID—KKR & Co. has agreed to buy a third of the renewable energy unit of Spain's Acciona SA for €417 million ($563 million), with plans to later list the unit on the stock exchange.

The move is a breakthrough for the Spanish group, a leading Spanish infrastructure developer and operator, which had run into regulatory obstacles in its efforts to sell the wind-energy business. Acciona has excluded its Spanish renewable-energy...